Trajectory Alpha Acquisition Corp. announced the pricing of its $150 million IPO and its units are expected to begin trading on the NYSE under the symbol “TCOA.U” Friday, December 10.
The new SPAC intends to identify and work with a disruptive, technology-driven business that leverages its unique intellectual property IP and proprietary data to develop a sustainable competitive advantage and, in turn, dislodge slower moving incumbents in the target’s selected end markets. Trajectory Alpha is led by Executive Chairman and Chief Executive Officer Peter Bordes, and President and Chief Financial Officer Michael E.S. Frankel.
Total SPAC deal count for 2021 year-to-date is now 586. This offering is expected to close on Tuesday, December 14.
Guggenheim Securities, LLC is serving as sole book-running manager for this offering. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as Issuer’s Counsel with White & Case LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Compass Digital (NASDAQ:CDAQ) has entered into a definitive agreement to combine with renewable energy firm EEW at a pro forma enterprise value of $386 million. London-based EEW is a solar, hydrogen and energy storage project developer with 1.4 GW of solar projects sold to date in Australia, the UK, Spain, and Sweden. The combined company...
Evergreen (NASDAQ:EVGR) has entered into a definitive agreement to combine with enterprise software firm Forekast at a pre-money enterprise value of $105 million. The company provides data analytics and customer engagement tools backed by some degree of AI automation to improve efficiencies for its business clients. The combined company is expected to trade on the...
At the SPAC of Dawn The auto-reply messages are off. SPACs are definitively back from vacation and in the thick of it. Two new SPACs are set to debut in trading today in Vine Hill (NASDAQ:VCICU) and Andretti II (NASDAQ:POLEU) and two SPACs have also landed their search on new targets, which could pull a...
Vine Hill Capital Investment Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “VCICU”, Friday, September 6, 2024. The new SPAC intends to focus its search on a target business in the industrial and services industries, where it believes the expertise...
Andretti Acquisition Corp. II announced the pricing of its $200 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “POLEU”, Friday, September 6, 2024. The new SPAC intends to mount a broad search for a target with an attractive financial profile and a seasoned management team. Andretti II’s...